New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-14
MIR. TILDEN's GIFT no NETWORK.
EXECUTORS ASKING FOR THE INCORPORATION or
"IIE IIIprN TRIsI.N


1.-THE IILDTN TRUST"
ALBANY. Jan 13.-Tho executors and trustees Of the
estate Samuel j. Tlden have addressed memorial to
the Legislature soliciting act OF incorporation OF an
Institution be known the Tilden Trust with capacity
oestabsh and maintain free library and reading room In
the city OF NewYork" provdedfor in Mr. rldens will
The memoraliss yet prepared to state what sum
will be realized from the remainder of tho estate
not Otherwise specifically disposed OF by the WILL
but under the Impression that is not likely 10 fall be
low 81 900 and may, under favorable circumstances
considerably exceed that The form Of act Great
ing the Tilden Trust submitted. II Is as follows
ard Andrew II Green aid George W smith OF the CITY
Of NewYork and such other persons they NAV asso
with themselves and their successors are hereby
created body corporate and polite under the name ahd
little OF the I1lden Trust.
2 The said JOIN. Bgeow, Andrew II. Green and
George ". Smith shall lee permanent trustees 0t suc
corporation In accordance with The intention OF the said
OF the they shall designate and appoint In writing
other trustees so that the number Of trustees shall not
3 onchnif Of the other trustees designated and ap
pointed shall bold Office for the term Of two years After
such designation and appointment shall have been made
trustee appointed To MI any vacancy IN the board
vacancy which may ~ any time occur In snid board
through death resignation incapacy. eNpirniion 81
l. All the power. Of the said corporation shall he
vested IN tho trustees They shall hnvs the power
point president and vice president. secretary aud
iea,urcr Of whom The r.'c'oy . .a ues soar
Huch officers shall hold their Offices upon such tenure and
shall receive such compensation ~ the bylaws may
urescrhc sadtrustccs shall aao have power Ia appoint
such other officers aud agents ~ the proper conduct o
the sd corporation shall require removable ut
The pleasure Of the board. and 10 IL compensation
D. The said corporation shall have 90 addition 10 the
powers conferred lay law upon nll corporations
90. such. tho capacity aud power a. c-tsbhsh AMI
maintain FREQ library and rcldingroo In the
the city Of Sew YORK. and for these purposes
shall hnyo power 10 demand, recover accept aud to
cc!Sc all such money aud othcr property real or rcr
sOna. Is given 10 II by virtue OF tile viii of samuel j.
1ilden shall Ice conveyed transferred TO- In any
manner bestowed upon H. by The Aforesaid executors aud
trustees by virtue % the powers therein conferred upon
thcm. And the said corporation shall improve. dispose
OF and convey all property at time received or ne
qured by such be beet calculated 10
carry out It's objects and purposes.
a. The said corporation shall ept aud receive al
such other property f. given 20 hy the snih
viii OF samuel j. 1dcu shall he convey ed trans
TO- any hc-toWc upon 20. aiufc
-d by tur Aforesaid 'XrCt"r- aud tu-t,co subject 10
the terms and conditions EXPIRE -cd ~ ana
imposed hy the said VIII 81 samuel j. dru IN respect 10
the lri gifts therein and Thereby mad" or provided
for To Ioratiou Dee formed ald o Dee kuowns Tho
1tlirn Trust And the sail corporation shall have power
to and enter into ANY obligation obligations 10
secure due compliance Win such terms and conditions.
T. Tho SAID corporation shall possess the I""ets ANA
except hc Otherwise provided 10y h~ act hc sub
Jet TO the provisions habes nnd rrsricons contained
IA the thrd title Of the eighteenth chapter of the hrs
part OF the Revised 7tHtutca.